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Mining News

By: Martin Creamer7th February 2018
In the spirit of meaningful dialogue, the Mining Charter should be withdrawn and all key stakeholders must have a serious dialogue about the future of a sustainable mining industry in South Africa, Mining Indaba advisory board member and former leading mining trade unionist Frans Baleni said on... →

By: Anine Kilian7th February 2018
Uranium miner Paladin Energy on Wednesday said it had not received an appraisal notice from China National Nuclear Corporation (CNNC) Overseas Uranium Holdings (COUH), regarding the purchase of Paladin’s share in Langer Heinrich Mauritius (LHMHL), the holding company of the Langer Heinrich mine,... →

By: Reuters7th February 2018
India's Supreme Court has quashed all iron ore mining permits in Goa, one of the country's top producing states for the steel making raw material, an environmental group that petitioned the government to halt the mining said on Wednesday.
Mining in the southwestern state of Goa, which produces... →

By: Ajoy K Das7th February 2018
To ensure optimal use of coal blocks allocated to government-owned thermal power companies, the Indian government will now allow swapping of coal between two such companies. The swap will be permitted between two government thermal companies on condition that both have been allocated coal blocks... →

By: Reuters7th February 2018
Russian President Vladimir Putin will meet metals tycoons whose businesses are located in the region of Krasnoyarsk, which the President is visiting today, to discuss local residents' ecological concerns, the Kremlin said on Wednesday.
Putin will meet with billionaire Vladimir Potanin, co-owner... →

By: Mariaan Webb7th February 2018
Lithium-focused Plymouth Minerals on Wednesday announced board and management changes as part of its continued focus to advance the San Jose lithium/tin project, in Spain.
Plymouth, which plans to change its name to Infinity Lithium, said it had strengthened its executive team with the... →

By: Creamer Media Reporter 7th February 2018
ASX-listed Cougar Metals has secured a cobalt exploration project in Chile, which executive chairperson Randal Swick said on Wednesday was considered a complementary opportunity to its lithium prospect in Brazil.
Cougar has signed a letter of intent (LOI) with Antasitua Chile to acquire a 100%... →

By: African News Agency 7th February 2018
Zimbabwe's mineral resources have a huge potential to drive the economy in the future, with lithium, gold and diamonds seen leading the way, its mines minister Winston Chitando said. In a presentation to an annual conference on investing in African mining, running from February 5 to 8 in Cape... →

By: Natasha Odendaal7th February 2018
Australia’s coal exports value reached a new record of $56.5-billion in 2017, Minerals Council of Australia coal executive director Greg Evans said on Wednesday. The new coal export value record, at 35% higher than in 2016 and $10-billion higher than the previous record of $46.7-billion in 2011,... →

By: Natasha Odendaal7th February 2018
Mining major Rio Tinto has delivered record full-year ordinary dividends of $5.2-billion, equating to 290c a share, and bringing total cash returns to shareholders for the year ended December 31, 2017, to $9.7-billion. The company posted an operating cash flow of $13.9-billion, underlying... →

By: Schalk Burger7th February 2018
The bodies of two miners have been recovered from the Ikamva 4 shaft at precious metals producer Sibanye-Stillwater’s Kloof gold mine. The miners became trapped after a fall-of-ground incident at 01:30 on Wednesday morning. The company extended condolences to the miners’ families, friends and... →

By: Mariaan Webb7th February 2018
Australian base metals company New Century has slammed Belgium-headquartered Nyrstar’s request for arbitration regarding legacy contracts to purchase zinc concentrate from the Century mine, north-west Queensland, and said Wednesday that it had instructed international arbitration firm Clifford... →

By: Creamer Media Reporter 7th February 2018
Gold mining company St Barbara has entered into 90 000 oz of forward gold contracts to be delivered in monthly instalments from July 2018 to December 2019 at a price of A$1 750/oz.
The forward contracts seek to secure a reliable cash margin on a portion of the Simberi mine's anticipated future... →

By: Reuters7th February 2018
Canadian fertiliser and farm supply dealer Nutrien is actively dealing with prospective buyers of its stakes in lithium producer SQM and Arab Potash Co, its chief executive said on Tuesday.
Nutrien is selling minority stakes in those companies as part of pledges to regulators who approved this... →

By: Henry Lazenby7th February 2018
The world's largest publicly listed copper producer Freeport-McMoRan has reinstated a cash dividend of $0.05 on its common stock, citing an improved balance sheet, stronger market conditions and a positive outlook for cash flow generation. That would add up to a yearly dividend of $0.20 a share,... →

By: Henry Lazenby7th February 2018
The TSX-V-listed equity of lithium explorer Advantage Lithium gained more than 11% on Tuesday, after the company released the positive results of recent drilling and pump tests on the flagship Cauchari lithium brine joint venture (JV), in Argentina. The latest exploration results include the... →

By: Henry Lazenby7th February 2018
Major miner Barrick Gold expects to book a pre-tax impairment in the fourth quarter ended December 31 of about $429-million at its stalled Pascua-Lama copper/gold project, which straddles the border between Chile and Argentina. The NYSE- and TSX-listed company advised that it is reclassifying... →

By: Martin Creamer6th February 2018
Platinum group metals (PGMs) react positively to the amount of money spent on marketing, in a similar way to diamonds, Anglo American Platinum CEO Chris Griffith said on Tuesday. Speaking during a panel discussion on day two of the Mining Indaba, Griffith said PGMs were unlike copper, coal or... →

By: Henry Lazenby6th February 2018
The TSX-listed equity of copper/gold project proponent Northern Dynasty Minerals gained about 11% on Tuesday, after the US Army Corps of Engineers (USACE) announced that it had appointed a third-party contractor to undertake an environmental-impact assessment for the controversial Pebble project,... →

By: Martin Creamer6th February 2018
Based on two relatively moderate and reasonable growth assumptions, the world will need the equivalent of another 22 Collahuasi copper mines to meet expected copper demand by 2030, Anglo American base metals marketing head Alex Schmitt said on Tuesday. Collahuasi, which Schmitt described as the... →

By: Reuters6th February 2018
Chile's economy is poised to improve by mid-year as rebounding copper prices and President-elect Sebastian Pinera's promise of business-friendly policies increase optimism among investors, according to a central bank survey released on Tuesday.
The study, which surveyed the perceptions of more... →

By: Henry Lazenby6th February 2018
Precious metals miner Tahoe Resources has signed the United Nations Global Compact (UNGC), the world's largest corporate sustainability initiative. As an official participant of the UNGC, Tahoe joins other international businesses, including a number of industry-leading mining companies, in... →

Photo by Tahoe Resources
The Escobal mine is the world's third-largest silver mine

By: Anine Kilian6th February 2018
Sustained commodity price growth and reduced costs are likely to present Africa’s mining sector with the best prospects in over a decade. “The centrality of mining to the development of the continent means that 2018 is likely to be a watershed year in Africa’s ongoing growth story,” Standard Bank... →

By: Mia Breytenbach6th February 2018
JSE-listed Master Drilling has launched its new South African-developed mobile tunnel boring system, which is suitable for the excavation of various types of tunnels. Master Drilling executive director Koos Jordaan explained at the unveiling of the system at the Investing in African Mining... →

By: Creamer Media Reporter 6th February 2018
London- and Canada-listed lithium company Bacanora Minerals has appointed former Gemfields finance chief Janet Boyce as its CFO with immediate effect.
Boyce is replacing Derek Batorowski, who is stepping down to pursue other business interests. Batarowski will continue to serve as Bacanora... →

By: Martin Creamer6th February 2018
‘Quarteritis’ – short-term thinking in a long-term business – is terribly damaging, Randgold Resources CEO Dr Mark Bristow said on Tuesday. Speaking on day-two of the Mining Indaba, Bristow advocated an holistic approach to the mining of gold orebodies and bringing to an end the practice of high... →

By: Reuters6th February 2018
Six Chinese State-owned energy companies will form a joint venture to trade coal and electricity and invest in an electric transmission system to better connect Shanxi and Jiangsu provinces.
The announcement follows the Chinese government's plans to streamline its state-owned coal industry by... →

By: Megan van Wyngaardt6th February 2018
Anglo American Platinum (Amplats) expects headline earnings and headline earnings per share (HEPS) for the year ended December 31, 2017, to be at least R373-million or 143c apiece, higher than for the 2016 financial year. Basic earnings and basic earnings a share (EPS) were also expected to be at... →

By: Megan van Wyngaardt6th February 2018
Dual-listed DRDGold on Tuesday said it expects the West Rand tailings retreatment project (WRTRP) to generate a profit of R229.4-million for the 12 months ending December 31, 2019. The company is in the process of acquiring the project from fellow gold and platinum miner Sibanye-Stillwater. →

By: Creamer Media Reporter 6th February 2018
Azerbaijan-focused gold, copper and silver miner Anglo Asian is forecasting higher production for 2018, on the back of last year’s optimisation initiatives at the Gedabek mine and the continuation of production from the Ugur openpit and Gadir underground mines.
The Gedabek main openpit will also... →

By: Natasha Odendaal6th February 2018
AltX- and Aim-listed Jubilee Metals Group intends to exercise its option to earn a 40% interest in BMR Group’s Kabwe lead/zinc project, in Zambia, after a comprehensive technical, financial and legal due diligence. This increases Jubilee’s effective interest in the Kabwe project to 57.41%,... →

By: Reuters6th February 2018
Iron-ore shipments to China in January from Australia's Port Hedland terminal fell 11.3% from a month ago to 34.7-million tonnes, their lowest since July, port data released on Tuesday showed.
That compares with 39.1-million tonnes in December. January imports were 0.6% higher than a year ago,... →

By: Megan van Wyngaardt6th February 2018
Aim-listed Highland Gold Mining has updated its resources for the Kekura gold project, located in the Chukotka region in Russia's Far East, following the completion of a definitive feasibility study (DFS). The DFS has shown that the project holds total gold reserves of two-million ounces of a... →

By: Terence Creamer6th February 2018
Civil society organisations opposing the development of new coal-fired power generation capacity in South Africa say they will again approach the courts to challenge the latest environmental authorisation granted for the 557 MW Thabametsi coal-fired power station project, proposed for development... →